The North America Solid State Battery Market would witness market growth of 33.0% CAGR during the forecast period (2021-2027).
The solid state battery market is expected to develop as more solid state batteries are used in the healthcare, wearable, and drone industries. Furthermore, the growing demand for solid state batteries in electric vehicles adds to the worldwide market's expansion. However, the market's growth is hampered by the complicated production operation and high cost of solid state batteries. Increased investment in the market by industry heavyweights like Samsung and Hyundai, on the other hand, is expected to provide future development prospects for the market.
Additionally, the rising demand for electric cars, as well as increased spending and collaborations between automobile companies and solid-state battery makers, are offering enough opportunities for the Solid State Battery Market to flourish. Despite the fact that there are several important drivers, there are few limitations that might limit the market's growth. The high cost of Solid-State Batteries and the intricate manufacturing process may stifle the industry's growth.
When it comes to purchasing electric vehicles, customers have a lot of concerns regarding range anxiety. The Tesla Model S has achieved the greatest distance an electric car can go on a single charge, which is 656 kilometers. Automakers, on the other hand, have been working harder to expand the range of electric vehicles without requiring recharging. As a result, there is an increasing need for better battery technology.
Solid-state batteries are gaining headway against conventional lithium-ion batteries in this field. The method delivers improved conductivity by switching from liquid to solid electrolyte, resulting in a 25% to 30% increase in power and energy density, as well as compactness in size. Solid-state battery technology makes it possible to scale up to a multi-layer cell with a capacity of up to 20 amp-hour. Solid-state batteries may be safer since they have higher energy densities.
The US market dominated the North America Solid State Battery Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $66.6 million by 2027. The Canada market is exhibiting a CAGR of 36% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 34.8% during (2021 - 2027).
Based on Type, the market is segmented into Single-cell Battery and Multi-cell Battery. Based on Capacity, the market is segmented into Below 20 mAh, Between 20 mAh and 500 mAh, and Above 500 mAh. Based on Battery Type, the market is segmented into Portable and Thin Film. Based on Application, the market is segmented into Medical Devices, Consumer Electronics, Energy Harvesting, Wireless Sensors, Electric Vehicles, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Solid State Battery Market is Estimated to reach $294.1 Million by 2027, at a CAGR of 35%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Toyota Motor Corporation, Ilika plc, Samsung SDI Co., Ltd. (Samsung Electronics Group), LG Chem Ltd. (LG Corporation), Contemporary Amperex Technology Co., Limited, Solid Power, Inc., Cymbet Corporation, Quantumscape Corporation, and Prieto Battery, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Single-cell Battery and
- Multi-cell Battery
By Capacity
- Below 20 mAh
- Between 20 mAh and 500 mAh,
- Above 500 mAh
By Battery Type
By Application
- Medical Devices
- Consumer Electronics
- Energy Harvesting
- Wireless Sensors
- Electric Vehicles
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Toyota Motor Corporation
- Ilika plc
- Samsung SDI Co., Ltd. (Samsung Electronics Group)
- LG Chem Ltd. (LG Corporation)
- Contemporary Amperex Technology Co., Limited
- Solid Power, Inc.
- Cymbet Corporation
- Quantumscape Corporation
- Prieto Battery, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Solid State Battery Market, by Type
1.4.2 North America Solid State Battery Market, by Capacity
1.4.3 North America Solid State Battery Market, by Battery Type
1.4.4 North America Solid State Battery Market, by Application
1.4.5 North America Solid State Battery Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Dec – 2022, Jan) Leading Players
Chapter 4. North America Solid State Battery Market by Type
4.1 North America Single-cell Battery Market by Country
4.2 North America Multi-cell Battery Market by Country
Chapter 5. North America Solid State Battery Market by Capacity
5.1 North America Below 20 mAh Market by Country
5.2 North America Between 20 mAh and 500 mAh Market by Country
5.3 North America Above 500 mAh Market by Country
Chapter 6. North America Solid State Battery Market by Battery Type
6.1 North America Portable Market by Country
6.2 North America Thin Film Market by Country
Chapter 7. North America Solid State Battery Market by Application
7.1 North America Medical Devices Market by Country
7.2 North America Consumer Electronics Market by Country
7.3 North America Energy Harvesting Market by Country
7.4 North America Wireless Sensors Market by Country
7.5 North America Electric Vehicles Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Solid State Battery Market by Country
8.1 US Solid State Battery Market
8.1.1 US Solid State Battery Market by Type
8.1.2 US Solid State Battery Market by Capacity
8.1.3 US Solid State Battery Market by Battery Type
8.1.4 US Solid State Battery Market by Application
8.2 Canada Solid State Battery Market
8.2.1 Canada Solid State Battery Market by Type
8.2.2 Canada Solid State Battery Market by Capacity
8.2.3 Canada Solid State Battery Market by Battery Type
8.2.4 Canada Solid State Battery Market by Application
8.3 Mexico Solid State Battery Market
8.3.1 Mexico Solid State Battery Market by Type
8.3.2 Mexico Solid State Battery Market by Capacity
8.3.3 Mexico Solid State Battery Market by Battery Type
8.3.4 Mexico Solid State Battery Market by Application
8.4 Rest of North America Solid State Battery Market
8.4.1 Rest of North America Solid State Battery Market by Type
8.4.2 Rest of North America Solid State Battery Market by Capacity
8.4.3 Rest of North America Solid State Battery Market by Battery Type
8.4.4 Rest of North America Solid State Battery Market by Application
Chapter 9. Company Profiles
9.1 Robert Bosch GmbH
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent Strategies and Developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 Toyota Motor Corporation
9.2.1 Company Overview
9.2.1 Financial Analysis
9.2.2 Segmental and Regional Analysis
9.2.3 Research & Development Expense
9.2.4 SWOT Analysis
9.3 Ilika plc
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent Strategies and Developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Geographical Expansions:
9.4 Samsung SDI Co., Ltd. (Samsung Electronics Group)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Recent Strategies and Developments:
9.4.3.1 Partnerships, Collaborations, and Agreements:
9.4.3.2 Product Launches and Product Expansions:
9.5 LG Chem Ltd. (LG Corporation)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent Strategies and Developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisitions and Mergers:
9.5.5.3 Geographical Expansions:
9.6 Contemporary Amperex Technology Co., Limited (CATL)
9.6.1 Company Overview
9.6.2 Recent Strategies and Developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.2.2 Product Launches and Product Expansions:
9.7 Solid Power, Inc.
9.7.1 Company Overview
9.7.2 Recent Strategies and Developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Acquisitions and Mergers:
9.7.2.3 Geographical Expansions:
9.8 Cymbet Corporation
9.8.1 Company Overview
9.9 Quantumscape Corporation
9.9.1 Company Overview
9.9.2 Recent Strategies and Developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.10. Prieto Battery, Inc.
9.10.1 Company Overview
9.10.2 Recent Strategies and Developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Solid State Battery Market, 2017 - 2020, USD Thousands
TABLE 2 North America Solid State Battery Market, 2021 - 2027, USD Thousands
TABLE 3 Partnerships, Collaborations and Agreements– Solid State Battery Market
TABLE 4 Product Launches And Product Expansions– Solid State Battery Market
TABLE 5 Acquisition and Mergers– Solid State Battery Market
TABLE 6 Geographical Expansions- SOLID STATE BATTERY MARKET
TABLE 7 North America Solid State Battery Market by Type, 2017 - 2020, USD Thousands
TABLE 8 North America Solid State Battery Market by Type, 2021 - 2027, USD Thousands
TABLE 9 North America Single-cell Battery Market by Country, 2017 - 2020, USD Thousands
TABLE 10 North America Single-cell Battery Market by Country, 2021 - 2027, USD Thousands
TABLE 11 North America Multi-cell Battery Market by Country, 2017 - 2020, USD Thousands
TABLE 12 North America Multi-cell Battery Market by Country, 2021 - 2027, USD Thousands
TABLE 13 North America Solid State Battery Market by Capacity, 2017 - 2020, USD Thousands
TABLE 14 North America Solid State Battery Market by Capacity, 2021 - 2027, USD Thousands
TABLE 15 North America Below 20 mAh Market by Country, 2017 - 2020, USD Thousands
TABLE 16 North America Below 20 mAh Market by Country, 2021 - 2027, USD Thousands
TABLE 17 North America Between 20 mAh and 500 mAh Market by Country, 2017 - 2020, USD Thousands
TABLE 18 North America Between 20 mAh and 500 mAh Market by Country, 2021 - 2027, USD Thousands
TABLE 19 North America Above 500 mAh Market by Country, 2017 - 2020, USD Thousands
TABLE 20 North America Above 500 mAh Market by Country, 2021 - 2027, USD Thousands
TABLE 21 North America Solid State Battery Market by Battery Type, 2017 - 2020, USD Thousands
TABLE 22 North America Solid State Battery Market by Battery Type, 2021 - 2027, USD Thousands
TABLE 23 North America Portable Market by Country, 2017 - 2020, USD Thousands
TABLE 24 North America Portable Market by Country, 2021 - 2027, USD Thousands
TABLE 25 North America Thin Film Market by Country, 2017 - 2020, USD Thousands
TABLE 26 North America Thin Film Market by Country, 2021 - 2027, USD Thousands
TABLE 27 North America Solid State Battery Market by Application, 2017 - 2020, USD Thousands
TABLE 28 North America Solid State Battery Market by Application, 2021 - 2027, USD Thousands
TABLE 29 North America Medical Devices Market by Country, 2017 - 2020, USD Thousands
TABLE 30 North America Medical Devices Market by Country, 2021 - 2027, USD Thousands
TABLE 31 North America Consumer Electronics Market by Country, 2017 - 2020, USD Thousands
TABLE 32 North America Consumer Electronics Market by Country, 2021 - 2027, USD Thousands
TABLE 33 North America Energy Harvesting Market by Country, 2017 - 2020, USD Thousands
TABLE 34 North America Energy Harvesting Market by Country, 2021 - 2027, USD Thousands
TABLE 35 North America Wireless Sensors Market by Country, 2017 - 2020, USD Thousands
TABLE 36 North America Wireless Sensors Market by Country, 2021 - 2027, USD Thousands
TABLE 37 North America Electric Vehicles Market by Country, 2017 - 2020, USD Thousands
TABLE 38 North America Electric Vehicles Market by Country, 2021 - 2027, USD Thousands
TABLE 39 North America Others Market by Country, 2017 - 2020, USD Thousands
TABLE 40 North America Others Market by Country, 2021 - 2027, USD Thousands
TABLE 41 North America Solid State Battery Market by Country, 2017 - 2020, USD Thousands
TABLE 42 North America Solid State Battery Market by Country, 2021 - 2027, USD Thousands
TABLE 43 US Solid State Battery Market, 2017 - 2020, USD Thousands
TABLE 44 US Solid State Battery Market, 2021 - 2027, USD Thousands
TABLE 45 US Solid State Battery Market by Type, 2017 - 2020, USD Thousands
TABLE 46 US Solid State Battery Market by Type, 2021 - 2027, USD Thousands
TABLE 47 US Solid State Battery Market by Capacity, 2017 - 2020, USD Thousands
TABLE 48 US Solid State Battery Market by Capacity, 2021 - 2027, USD Thousands
TABLE 49 US Solid State Battery Market by Battery Type, 2017 - 2020, USD Thousands
TABLE 50 US Solid State Battery Market by Battery Type, 2021 - 2027, USD Thousands
TABLE 51 US Solid State Battery Market by Application, 2017 - 2020, USD Thousands
TABLE 52 US Solid State Battery Market by Application, 2021 - 2027, USD Thousands
TABLE 53 Canada Solid State Battery Market, 2017 - 2020, USD Thousands
TABLE 54 Canada Solid State Battery Market, 2021 - 2027, USD Thousands
TABLE 55 Canada Solid State Battery Market by Type, 2017 - 2020, USD Thousands
TABLE 56 Canada Solid State Battery Market by Type, 2021 - 2027, USD Thousands
TABLE 57 Canada Solid State Battery Market by Capacity, 2017 - 2020, USD Thousands
TABLE 58 Canada Solid State Battery Market by Capacity, 2021 - 2027, USD Thousands
TABLE 59 Canada Solid State Battery Market by Battery Type, 2017 - 2020, USD Thousands
TABLE 60 Canada Solid State Battery Market by Battery Type, 2021 - 2027, USD Thousands
TABLE 61 Canada Solid State Battery Market by Application, 2017 - 2020, USD Thousands
TABLE 62 Canada Solid State Battery Market by Application, 2021 - 2027, USD Thousands
TABLE 63 Mexico Solid State Battery Market, 2017 - 2020, USD Thousands
TABLE 64 Mexico Solid State Battery Market, 2021 - 2027, USD Thousands
TABLE 65 Mexico Solid State Battery Market by Type, 2017 - 2020, USD Thousands
TABLE 66 Mexico Solid State Battery Market by Type, 2021 - 2027, USD Thousands
TABLE 67 Mexico Solid State Battery Market by Capacity, 2017 - 2020, USD Thousands
TABLE 68 Mexico Solid State Battery Market by Capacity, 2021 - 2027, USD Thousands
TABLE 69 Mexico Solid State Battery Market by Battery Type, 2017 - 2020, USD Thousands
TABLE 70 Mexico Solid State Battery Market by Battery Type, 2021 - 2027, USD Thousands
TABLE 71 Mexico Solid State Battery Market by Application, 2017 - 2020, USD Thousands
TABLE 72 Mexico Solid State Battery Market by Application, 2021 - 2027, USD Thousands
TABLE 73 Rest of North America Solid State Battery Market, 2017 - 2020, USD Thousands
TABLE 74 Rest of North America Solid State Battery Market, 2021 - 2027, USD Thousands
TABLE 75 Rest of North America Solid State Battery Market by Type, 2017 - 2020, USD Thousands
TABLE 76 Rest of North America Solid State Battery Market by Type, 2021 - 2027, USD Thousands
TABLE 77 Rest of North America Solid State Battery Market by Capacity, 2017 - 2020, USD Thousands
TABLE 78 Rest of North America Solid State Battery Market by Capacity, 2021 - 2027, USD Thousands
TABLE 79 Rest of North America Solid State Battery Market by Battery Type, 2017 - 2020, USD Thousands
TABLE 80 Rest of North America Solid State Battery Market by Battery Type, 2021 - 2027, USD Thousands
TABLE 81 Rest of North America Solid State Battery Market by Application, 2017 - 2020, USD Thousands
TABLE 82 Rest of North America Solid State Battery Market by Application, 2021 - 2027, USD Thousands
TABLE 83 key information – Robert Bosch GmbH
TABLE 84 key information – Toyota Motor Corporation
TABLE 85 key information – Ilika plc
TABLE 86 key information – Samsung SDI Co., Ltd.
TABLE 87 key information – LG Chem Ltd.
TABLE 88 key information – Contemporary Amperex Technology Co., Limited (CATL)
TABLE 89 key information – Solid Power, Inc.
TABLE 90 key information – Cymbet Corporation
TABLE 91 key information – QUANTUMSCAPE CORPORATION
TABLE 92 key information – Prieto Battery, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Dec – 2022, Jan) Leading Players
FIG 5 Swot analysis: Robert bosch gmbh
FIG 6 SWOT ANALSYSIS: TOYOTA MOTOR CORPORATION
FIG 7 Recent Strategies and Development: Ilika plc
FIG 8 Recent Strategies and Development: Samsung SDI Co., Ltd.
FIG 9 Recent Strategies and Development: LG Chem Ltd.
FIG 10 Recent Strategies and Development: Contemporary Amperex Technology Co., Limited
FIG 11 Recent Strategies and Development: Solid Power, Inc.